J.P. Morgan Neutral On Discover Financial (DFS)

J.P. Morgan Chase & Co. has a Neutral rating and a $18 price target on shares of Discover Financial DFS. In a note sent to clients, J.P. Morgan writes, "We are maintaining our Neutral rating and $18 December 2011 price target on shares of DFS. We do not believe normalized return characteristics or asset growth outlook support material price appreciation from current levels. We recommend investors wait for a more attractive entry point." Shares of DFS are down 35 cents to $18.18, a loss of 1.9%.